THE AVERAGE annual income of Filipino families increased by 15% in 2023, as wages and quality of jobs improved, the Philippine Statistics Authority (PSA) said.
Preliminary data from the PSA showed that the average annual income of Filipino households rose to P353,230 in 2023 from P307,190 in 2021.
In 2023, the average annual spending of Filipino families went up by 12.8% to P258,050 from P228,800 in 2021.
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